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Stock Market

Zenith Bank, Access Bank, most traded Nigerian Stocks W/W, investors gain N1.04 trillion

Thirty- five (35) equities appreciated at price during the week, lower than fifty-three (53) equities in the previous week.

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Nigerian Stock Exchange

Nigerian stocks ended the trading week cumulatively on a bullish note.

It was a four-day trading week as the Federal Government of Nigeria declared Friday 25th of December 2020, as a Public Holiday in commemoration of the Christmas celebration.

READ: Share buyback: Dangote shares gain 10% in early trading as investors launch full bids

The All Share Index and Market Capitalization appreciated by 5.42% to close the week at 38,800.01 and N20.279 trillion respectively. Investors gained N1.04 trillion in the past four trading sessions.

  • Meanwhile, a total turnover of 2.756 billion shares worth N40.311 billion in 17,459 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.893 billion shares valued at N17.647 billion that exchanged hands last week in 20,660 deals.
  • The Financial Services Industry (measured by volume) led the activity chart with 2.106 billion shares valued at N19.454 billion traded in 8,327 deals; thus contributing 76.40% and 48.26% to the total equity turnover volume and value respectively.
  • The Consumer Goods Industry followed with 182.099 million shares worth N4.392 billion in 2,485 deals. The third place was the Industrial Goods Industry, with a turnover of 145.808 million shares worth N10.632 billion in 2,587 deals.
  • Trading in the top three equities namely Access Bank Plc., Zenith Bank Plc., and AXA Mansard Insurance Plc. (measured by volume) accounted for 1.439 billion shares worth N13.881 billion in 2,972 deals, contributing 52.23% and 34.44% to the total equity turnover volume and value respectively.
  • Thirty- five (35) equities appreciated at price during the week, lower than fifty-three (53) equities in the previous week. Eighteen (18) equities depreciated in price, higher than seventeen (17)equities in the previous week; while one hundred and eight (108) equities remained unchanged, higher than ninety-one (91) recorded in the previous week.

READ: Operators in Agric value chain must embrace insurance to reduce risk – Universal Insurance boss

Top gainers

  1. FTN COCOA PROCESSORS PLC up 43.55% to close at N0.89
  2. JAPAUL GOLD & VENTURES PLC up 41.18% to close at N0.48
  3. B.O.C. GASES PLC. up 20.83% to close at N8.70
  4. DANGOTE CEMENT PLC up 16.95% to close at N245.00
  5. OANDO PLC up 15.92% to close at N3.64
  6. AXAMANSARD INSURANCE PLC up 14.13% to close at N1.05
  7. CUTIX PLC. up 13.76% to close at N2.15
  8. LASACO ASSURANCE PLC. up 13.33% to close at N0.34
  9. CAVERTON OFFSHORE SUPPORT GRP PLC up 11.41% to close at N2.05
  10. HONEYWELL FLOUR MILL PLC up 10.81% to close at N1.23

READ: GTBank Plc records 1.80% increase in 2020 9M interest income

Top losers

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  1. TRANS-NATIONWIDE EXPRESS PLC. down 9.20% to close at N0.79
  2. JOHN HOLT PLC. down 8.93%  to close at N0.51
  3. CHAMPION BREW. PLC. down 7.87%  to close at N0.82
  4. INTERNATIONAL BREWERIES PLC. down 5.90%  to close at N5.90
  5. ARDOVA PLC down 5.24%  to close at N13.55
  6. LAFARGE AFRICA PLC. down 4.55%  to close at N21.00
  7. NEIMETH INTERNATIONAL PHARMACEUTICALS PLC down 4.17% to close at N2.30
  8. MAY & BAKER NIGERIA PLC. down 3.90%  to close at N3.70
  9. CONSOLIDATED HALLMARK INSURANCE PLC down 3.33% to close at N0.29
  10. JAIZ BANK PLC down 3.23% to close at N0.60

READ: AXA Mansard Plc increase authorized share capital to N18 billion

Outlook

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Nigerian Stocks unsurprisingly recorded impressive gains W/W, as investors increased their buying pressure, especially on NSE30 stocks that include Dangote, Airtel, and lately Guinness.

  • Nigerian’s crude, selling at $51/barrel, kept stocks rally up. Stock experts anticipate the present bullish run currently playing at Africa’s best-performing equity market will remain long term, albeit alongside profit-taking seen lately at its last trading session.
  • However, Nairametrics, envisage cautious buying, taking into consideration the low presence of the Foreign portfolio investors amid low investments seen lately in the Nigerian Stock Exchange amid stringent capital controls set in place by Nigeria’s Apex bank could limit the Stocks bull upside in the coming year.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Message Olumide on Twitter @tokunboadesina. He is a Member of the Chartered Financial Analyst Society.

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Markets

Bears take hold of the NSE Banking index

The NSE Banking Index finished red with a loss of -0.52%.

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Nigerian Stock Exchange, Nigerian Stocks, Daily market summary, NSE, Bourse bows to bears as ASI dip 0.55% on Friday, NSE: Bears dominant reign continues as ASI shed 4.91% on Tuesday, Bearish trend persists at Nigerian Stock Exchange, as investors lose N456 billion, Bears return, Nigeria’s local bourse drops 0.12%, Bears return Nigeria's ASI index down 3.12% Investors lose N370 billion, Bulls lift Nigerian bourse up 0.10%, as trading volume picks up,  BUACEMENT, CADBURY, WAPCO Bring the Bears to Party, Investors Lose N198.05 Billion

The NSE Banking Index traded bearish at the end of the trading session today. 6 banks posted Gains and 4 Losses were recorded. The NSE Banking Index finished red with a loss of -0.52% adding to the -0.97% held in the previous trading session. The index dropped to 343.03 index points at the close of trading activities today.

Sterling Bank posted a substantial loss of -9.76% adding to the -0.61% held at the previous trading session pushing the price downwards from N1.70 to N1.49 and leading the top losers in the NSE Banking index.

Zenith Bank also saw another loss of -1.38% adding to the -0.91% held in the previous session pushing the price from N22.00 to N21.80.

Jaiz Bank lost some profit from the +6.67% held in the previous trading session by posting a loss of -1.56% settling the price at N0.63.

Fidelity Bank broke the stalemate held at the previous trading session to post a loss of -2.83% settling the price at N2.39 from N2.47.

Union Bank posted profits of +2.20% to settle the price at N4.65.

UBA also made gains of +2.21% pushing the price downwards to N6.95 from N6.80.

Wema Bank recovered from the decline in the previous session to post gains of (+1.79%) pushing the price to N0.58 from N0.55.

GT Bank also posted a profit of +1.39% moving price from 28.75 to N29.15.

Access Bank made a decisive move from its stalemate position with gains of +0.66% settling the price at N7.60.

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Ecobank made profits of (+1.04%) settling the price at N4.90.

Outlook

  • Market sentiment trends towards recovery as 6 companies in the NSE Banking Index made gains as opposed to 4 losses at the end of the trading session today.
  • Nairametrics advises cautious participation in the market amid growing uncertainties in Nigeria.

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Markets

Nigerian stocks make recovery as JAPAULGOLD drops

The All-Share Index increased by +0.61% to close at 38,808.01 from 38,571.89 index points.

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The Nigerian Stock Exchange market made a recovery at the end of the trading session. The All-Share Index increased by +0.61% to close at 38,808.01 from 38,571.89 index points. CHAMS made the top position on the Gainers list.

  • Nigerian Stock Exchange market value currently stands at NGN 20.32 trillion. Its Year-to-Date (YTD) returns currently stands at -3.63%.
  • The market closed in loss as it saw more downturns, CHAMS led 21 Gainers, and JAPAULGOLD topped the 12 Losers chart with a noticeable bullish movement by the NSE ASI.

Top gainers

  • CHAMS up +10.00% to close at N0.22
  • UAC-POP up +9.72% to close at N0.76
  • GUINNESS up +9.26% to close at N31.85
  • NNFM up +9.18% to close at N5.35
  • PZ up +8.33% to close at N4.50

Top losers

  • JAPAULGOLD down -10.00% to close at N0.63
  • STERLNBANK down -9.78% to close at N1.48
  • FCMB down -8.90% to close at N2.66
  • MBENEFIT down -8.11% to close at N0.34
  • ACCESS down -6.17% to close at N7.60

Outlook

The NSE ASI saw a bullish recovery from the previous day loss. Predictions of the dominance of consumer goods were affirmed with the presence of GUINNESS and PZ in the top 5 Gainers list.

However, the following stocks remain on our watchlist: Zenith Bank Plc, Guaranty, Access bank, STANBIC, JAPAULGOLD, GUINNESS and Flour Mills.

  • Nairametrics, however, advises cautious participation in the stock market in this era of growing uncertainties.

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